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FLOKIUSDT Perpetual Swap Contract

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FLOKIUSDT.P trade ideas

Brand new shorting opportunityHello friends. Floki was recently listed on Binance US and many 'American crypto investors' blindly bought in -- err, I mean they 'wisely invested their dirty fiat into a super bullish cryptocurrency poised to become the next One World Currency and out meme the Big Dog'. As a result, the price of Floki increased massively and provided us with yet another shorting opportunity. Now that retail is fully 'invested' they will quickly panic sell if the price falls too sharply, or they will sell out of boredom of the price fails to rise a minimum of 420% per hour and compound at a rate of 69000% APY. This retail selling can drive the price down again. Let's see. Keep in mind that the retail buying wave isn't finished yet, since the slower retailers who haven't seen this news yet still want to buy. There will be continually diminishing buy pressure for the next day or so as all the extra slow-headed retailers buy, which will give us more chances to DCA into an inverse investment to hold for the long-term collapse of Floki. Our stop loss is set at the 0.00006 level in case there's another Musk Tweet about Floki. Other than that we will hold the position until the price moves down to hit our take profit or until retail otherwise exits their longs.
Short
by bowtrix
FLOKI INU Breakout or Breakdown?This chart should tailor to both technicians and fundamentalists. For those new to the world of crypto and/or charting and my page: My bias when it comes to price action will always favor fundamentals. Thus, all my TA will be complimentary to the fundamental data of the asset (volume). TA, imo, is/ only should be used as extra confirmations to fundamental data/analysis. I am always happy to answer questions, debate views/ analysis, and learn from fellow technicians who are looking to constructively agree or add alternative views. Please feel free to comment/ ask for further explanations. -How to translate the chart- Price Action/Trading range: 0.000035-0.00004 will be our local support and resistance (red box), to which we are attempting to break the current downtrend and reverse into a breakout resulting in ~20% leg up/ test of 0.000045, if postive volume follows this leg up, we could press to 0.000049. Though, I find this unlikely after the recent pump, its also more possible than ever. Due to market psychology, fomo, and recent growth in centralized exchange listings, FLOKI definitely has the ability to make new highs (in respect to kucoins chart here, as DEX pairs have data back to September of 2021, refer to FLOKIWETH pair). Volume/ Confirmations of Bullish expectations: -OBV- *Neutral until confirmed* On balance volume looking to confirm a local bottom Our recent moves upward are being supporting with higher highs and higher lows. However, to confirm bullish sentiment and have a healthy breakout above 0.00004, OBV will need to break the local resistance line (red) Please remember, Negative volume balance shows weakness. It shows that the asset falls on high volume and reacts upwards on low volume. This indicates that investors are worried about not being able to sell when something happens, and also hesitant to buy on rising prices. -NET VOLUME- *BULLISH* Ratio is positive (More buys than sells over the measured timeframe) -VOLUME OSCILATOR- *Bearish* Currently indicating a rise in price, with decreasing volume over the measured timeframe My Long call derives from shorter timeframes (4hr, 2hr2, 1hr), however, those need to hold and the chart shown above will begin to prove out the trend reversal. If price falls out of the wedge on the daily, new local lows are inevitable.
Long
by CryptoDeFiant
FLOKIUSDT Fibonacci support and more gain💡🚀Hello 🐋 Based on the chart, the price is in the parallel channel close to the triangle support (previous triangle resistance area) and new volume recognize for the price, and it is close to the Fibonacci support level ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
12
Floki at Max Momentum Ready For 200% ?Floki crypto is a relatively new meme that has gained popularity in recent months may be ready for another significant price move. Recent price action of Floki has been producing perfect curvature to the upside as it once again tests this curve it appears to be entering into a max bullish phase that may have significant upside. However, it's important to remember that cryptocurrency markets are highly volatile, especially meme coins and subject to various factors that can impact prices as fast as elon can tweet. Failure to respond in the same momentum curve can just as easily lead to a massive sell off. Current target is an additional 200%
Long
by Degen-Dynasty
4
FLOKIUSDT Fibonacci support and more gain💡🚀Hello 🐋 Based on the chart, the price is in the parallel channel close to the triangle support (previous triangle resistance area ) and new volume recognize for the price, and it is close to the Fibonacci support level ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 👌 Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
3
FLOKIUSDT Fibonacci support and more gain💡🚀Hello 🐋 Based on the chart, the price is in the parallel channel close to the triangle support (previous triangle resistance area ) and new volume recognize for the price, and it is close to the Fibonacci support level ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 👌 Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
1